Envestnet Asset Management Inc. Increases Position in Motorola Solutions, Inc. (NYSE:MSI)

Envestnet Asset Management Inc. lifted its holdings in Motorola Solutions, Inc. (NYSE:MSI - Free Report) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 577,808 shares of the communications equipment provider's stock after acquiring an additional 6,914 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.35% of Motorola Solutions worth $252,970,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSI. Perennial Investment Advisors LLC raised its position in Motorola Solutions by 14.4% in the 4th quarter. Perennial Investment Advisors LLC now owns 828 shares of the communications equipment provider's stock worth $383,000 after purchasing an additional 104 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Motorola Solutions in the 4th quarter worth approximately $208,000. SBI Securities Co. Ltd. bought a new position in Motorola Solutions in the 4th quarter worth approximately $30,000. Proficio Capital Partners LLC raised its position in Motorola Solutions by 22.6% in the 4th quarter. Proficio Capital Partners LLC now owns 683 shares of the communications equipment provider's stock worth $316,000 after purchasing an additional 126 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in Motorola Solutions by 10.8% in the 4th quarter. Larson Financial Group LLC now owns 1,059 shares of the communications equipment provider's stock worth $489,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 84.17% of the company's stock.

Insiders Place Their Bets

In other Motorola Solutions news, CAO Katherine A. Maher sold 1,073 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $418.68, for a total value of $449,243.64. Following the completion of the sale, the chief accounting officer directly owned 804 shares of the company's stock, valued at $336,618.72. The trade was a 57.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.44% of the stock is owned by corporate insiders.

Motorola Solutions Stock Down 2.2%

MSI stock traded down $9.25 during trading on Tuesday, reaching $417.12. The stock had a trading volume of 895,759 shares, compared to its average volume of 907,624. Motorola Solutions, Inc. has a one year low of $385.17 and a one year high of $507.82. The company has a quick ratio of 1.03, a current ratio of 1.20 and a debt-to-equity ratio of 3.42. The company's 50 day moving average is $417.39 and its two-hundred day moving average is $433.41. The company has a market capitalization of $69.62 billion, a price-to-earnings ratio of 34.82, a P/E/G ratio of 3.66 and a beta of 0.95.

Motorola Solutions (NYSE:MSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The communications equipment provider reported $3.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.01 by $0.17. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.52 billion. Motorola Solutions had a net margin of 18.67% and a return on equity of 160.93%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.81 EPS. Equities research analysts forecast that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $1.09 dividend. This represents a $4.36 annualized dividend and a yield of 1.05%. The ex-dividend date is Friday, June 13th. Motorola Solutions's dividend payout ratio is presently 36.39%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MSI. William Blair reiterated an "outperform" rating on shares of Motorola Solutions in a research report on Wednesday, May 28th. JPMorgan Chase & Co. dropped their target price on shares of Motorola Solutions from $570.00 to $515.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Barclays dropped their target price on shares of Motorola Solutions from $527.00 to $511.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Wall Street Zen cut shares of Motorola Solutions from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Wolfe Research initiated coverage on shares of Motorola Solutions in a research report on Monday. They issued a "peer perform" rating for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $513.25.

Motorola Solutions Profile

Motorola Solutions, Inc provides public safety and enterprise security solutions in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.